Ways To Make $1 Million | Ep 463
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 22 November 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
All paths can lead to one million. Today, Alex (@AlexHormozi) shares with us the many ways a person can make 1 Million dollars. You’d be surprised by some of the ways he suggests and you’ll never know if one of these is for you.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(0:50) 1st-5th: Sell high, borrow, leverage contracts, earn commissions.
(4:56) 6th-9th: Tap into scarce resources, sell units, no-money-down deals, arbitrage.
(11:42) 10th-12th: Identify undervalued assets, sell high without ownership, sell high-ticket items.
(20:26) 13th-15th: Combine profitable elements, facilitate loans, promote others' products.
(24:40) Last method: Arbitrage between two entities for earnings.
Follow Alex Hormozi’s Socials:
LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Transcript
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| 0:00.0 | Moistudation real quick, if you are a business owner that has a big old business and wants to get to a much bigger business, |
| 0:06.1 | going to $50, $100,000 plus we would love to talk to you. |
| 0:09.5 | And if you like that or would like to hear more about it, go to acquisition.com and you can play anywhere on the page |
| 0:14.3 | and talk to one of our team and see if we can help you get there. |
| 0:17.6 | If you believe the shit that you're reading, if you're listening to poor people and advice it on how to be rich, you will stay poor. |
| 0:24.0 | They have no idea. You don't need money to make money. |
| 0:27.5 | The wealthiest people in the world see business as a game. |
| 0:29.5 | This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio. |
| 0:35.5 | My hope is that you use the lessons to grow your business and maybe someday soon partner with us to get to $100 million beyond. |
| 0:40.5 | I hope you share and enjoy. |
| 0:42.5 | I want to break the myth that you need to go make a million dollars and that you need money to make money. |
| 0:47.5 | I'm going to show you 10 different ways you can make a million dollars and you can apply this to $1,000, $100, $100,000. |
| 0:55.5 | The concept is what I'm trying to translate to you because you can do any of these things and add or detract the amount of zeros that you feel comfortable with. |
| 1:02.5 | If you want to make less money, by all means, take more zeros off. |
| 1:07.5 | The first thing that you can do if you want to make a million dollars is that you can sell something for a million dollars. |
| 1:14.5 | As crazy as what I'm saying sounds, you absolutely can sell something for a million dollars. |
| 1:20.5 | If you go to an e-commerce store and they're doing $100 million a year and you say, hey, if I can increase your conversion across your entire site, rewrite your emails, |
| 1:29.5 | read your landing pages, etc. and I can get you a 5% lift, site wide, can I get 1% of that? |
| 1:36.5 | So you make them an extra 5 million a year and you get one. Do you think you can do that? Yes. |
| 1:41.5 | Why are you going to be able to do so much? Not because of you, but because of who they are. |
| 1:45.5 | So you make a million dollars by selling someone else 5 to 10 million dollars of value. That's how you make a million dollars. |
| 1:53.5 | So you can do that in a real time. You're like, I don't know how to do that. That's fine. |
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